Macquarie wealth research head joins Fidelity

A former head of research for Macquarie’s wealth management division has been named head of client solutions and retirement at Fidelity International in Australia.

Richard Dinham has been appointed to the role, where he will help develop investment and retirement solutions targeting institutional and wholesale clients.

Prior to his appointment, he was at Macquarie Group as head of research, wealth management on a six-month contract.

Before that, he spent more than six years at StatePlus in senior roles such as head of research and chief investment officer, where he had responsibility for design and implementation of investment products.

Mr Dinham will report to Fidelity International managing director for Australia Alva Devoy, who noted that the financial services industry had serviced clients’ retirement goals since compulsory super was introduced 25 years ago.

“As this group gets closer to retirement, we recognise that we need to respond by developing solutions that better suit their needs,” Ms Devoy said.

“Combining [Fidelity’s] global expertise with Richard’s local knowledge and experience allows us the opportunity to better meet the needs of our clients both now and into the future.”

As of 31 December 2017, Fidelity International has US$428.4 billion assets under management and 2.3 million clients spanning across Asia-Pacific, Europe, the Middle East and South America.